Consolidating unsubsidized stafford loans

The limits vary for each year of study, depending on the length of the program and the student’s year of study.

There is more information on Stafford loan limits on the Department of Education’s web site.

Guaranty agencies pay off the lenders when borrowers default, and in turn, are reinsured by the Department of Education.

The National Council of Higher Education Resources (NCHER) also has a fact sheet with a list of guaranty agencies.

The higher independent student limits also apply to dependent students whose parents are unable to borrow PLUS loans.

There are limits on the amount in subsidized and unsubsidized loans that you may be eligible to receive each academic year (annual loan limits) and the total amounts that you may borrow for undergraduate and graduate study (aggregate loan limits).

The actual loan amount you are eligible to receive each academic year may be less than the annual loan limit.

The Department posts information to help you determine whether you are a dependent or independent student.

The Department has a fact sheet with information about the different types of loans and borrowing limits. The maximum interest rates, and many of the important terms of federal loans are set by Congress, and are similar in both the FFEL and Direct Loan programs.

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